Illinois Series LLC: one entity, many protected series.
Illinois statutorily authorizes the Series LLC . a master LLC that contains multiple internal series, each with its own assets, liabilities, members, and managers. Properly maintained, each series is liability-protected from the others. Common in real estate, fund management, and multi-brand operating businesses.
Form an Illinois Series LLC →When an Illinois Series LLC makes sense
- Real estate portfolios. Each property held in its own series. Liability on Property A does not reach Property B.
- Fund management. Multiple investment vehicles under one umbrella.
- Multi-brand businesses. Distinct brand lines isolated from each other.
- Family wealth structures. Different beneficiaries assigned to different series.
- Cost efficiency. One formation fee, one annual report (in most cases), many separated risk pools.
Up a level, or across to the neighbors.
Series LLC by state
The national explainer above this page: what changes between jurisdictions, and why.
Open the hub → SectionSecretary of State directory
Every filing the state business office takes, state by state.
Open the section → StateIllinois business filings
Every filing a business makes in Illinois, gathered on one page.
Open Illinois → In IllinoisProfessional LLC and PC in Illinois
Professional LLC and PC, state by state
Read the guide → In IllinoisFederal EIN in Illinois
The federal EIN, state by state
Read the guide → In IllinoisSecretary of State in Illinois
The Secretary of State, state by state
Read the guide → In IllinoisS-Corp Election in Illinois
The S-Corp election, state by state
Read the guide →